CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 268,885	$ 512,144
Accounts receivable, net	356,991	323,746
Inventories	394,743	352,107
Prepaid expenses and other current assets	110,103	104,650
Total current assets	1,130,722	1,292,647
Property and equipment, net	251,684	247,407
Deferred income taxes, net	98,330	100,620
Goodwill	1,352,198	904,571
Intangible assets, net	273,225	146,845
Other assets	138,527	89,152
Total assets	3,244,686	2,781,242
Current liabilities:
Accounts payable	132,294	95,496
Deferred revenue	36,601	32,703
Accrued payroll and related liabilities	62,085	81,118
Accrued product warranties	14,478	15,204
Advance payments from customers	23,370	19,691
Accrued expenses	47,492	41,761
Accrued income taxes	0	13,855
Other current liabilities	29,156	16,186
Credit facility	100,000	0
Current portion, long-term debt	12,493	0
Total current liabilities	457,969	316,014
Long-term debt	654,858	421,948
Deferred income taxes	46,940	22,927
Accrued income taxes	75,669	76,435
Pension and other long-term liabilities	97,359	67,132
Shareholders’ equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; no shares issued at June 30, 2019, and December 31, 2018	0	0
Common stock, $0.01 par value, 500,000 shares authorized, 135,597 and 135,516 shares issued at June 30, 2019, and December 31, 2018, respectively, and additional paid-in capital	1,356	1,355
Retained earnings	2,063,985	2,024,523
Accumulated other comprehensive loss	(153,450)	(149,092)
Total shareholders’ equity	1,911,891	1,876,786
Total liabilities and shareholders' equity	$ 3,244,686	$ 2,781,242